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To: Cynic 2005 who wrote (7142)9/29/1998 11:58:00 AM
From: Joseph G.  Respond to of 86076
 
<<By far the strongest argument for Fed action is psychological -- a rate cut could boost the confidence of markets worldwide. But trying to fine-tune the markets' moods is a tricky business. >>

Will see ......



To: Cynic 2005 who wrote (7142)9/29/1998 12:11:00 PM
From: Joseph G.  Read Replies (1) | Respond to of 86076
 
Fundamentally, a rate cut will help small caps more than large caps, yet RUT is down, and SPX, NDX rally a bit - which proves that this market is nothing but a MOMO speculation ...